Latham Group, Inc. (NASDAQ:SWIM) Receives Consensus Recommendation of “Hold” from Brokerages

Latham Group, Inc. (NASDAQ:SWIM) has earned a consensus recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.50.

A number of equities research analysts have recently weighed in on the company. Wall Street Zen downgraded Latham Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Weiss Ratings raised Latham Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. William Blair reissued an “outperform” rating on shares of Latham Group in a research note on Wednesday, March 4th. Stifel Nicolaus boosted their price target on Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Finally, The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a research note on Wednesday, May 6th.

Insider Activity at Latham Group

In other news, CFO Oliver C. Gloe purchased 15,050 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was acquired at an average price of $4.90 per share, with a total value of $73,745.00. Following the purchase, the chief financial officer owned 540,758 shares in the company, valued at $2,649,714.20. This represents a 2.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James E. Cline purchased 50,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of $4.84 per share, with a total value of $242,000.00. Following the purchase, the director owned 100,000 shares in the company, valued at $484,000. This represents a 100.00% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 3.32% of the company’s stock.

Institutional Investors Weigh In On Latham Group

Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets grew its stake in shares of Latham Group by 83.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock valued at $27,000 after buying an additional 1,921 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of Latham Group in the 2nd quarter valued at approximately $29,000. Summit Securities Group LLC acquired a new stake in Latham Group in the 1st quarter worth approximately $30,000. Covestor Ltd lifted its holdings in Latham Group by 153.0% in the 4th quarter. Covestor Ltd now owns 5,576 shares of the company’s stock worth $35,000 after purchasing an additional 3,372 shares during the last quarter. Finally, State of Wyoming acquired a new stake in Latham Group in the 4th quarter worth approximately $55,000. Institutional investors own 83.95% of the company’s stock.

Latham Group Price Performance

Shares of SWIM opened at $5.60 on Monday. The business’s 50-day moving average is $5.52 and its 200-day moving average is $6.13. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 1.16. Latham Group has a fifty-two week low of $4.64 and a fifty-two week high of $8.97. The company has a market capitalization of $657.50 million, a price-to-earnings ratio of 80.00, a P/E/G ratio of 0.96 and a beta of 1.67.

Latham Group (NASDAQ:SWIM) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.02). The firm had revenue of $117.32 million for the quarter, compared to analysts’ expectations of $118.39 million. Latham Group had a return on equity of 2.13% and a net margin of 1.55%. Equities research analysts expect that Latham Group will post 0.18 EPS for the current fiscal year.

Latham Group Company Profile

Latham Group, Inc designs, manufactures and supplies a broad range of aquatic products and services for residential and commercial applications. Offerings include fiberglass and vinyl-liner pool shells, commercial water park structures, water slides, surf simulators, pumps, filters, heaters and sanitation systems. The company also provides parts, equipment and technical support for pool installation, maintenance and repair.

Operating across three core segments—commercial, residential and aftermarket—Latham delivers turnkey aquatic facilities and attractions for municipal, hospitality and resort clients, offers packaged pool kits and equipment packages to builders and dealers, and supplies replacement parts, service contracts and technical assistance to support ongoing pool operations.

Headquartered in the United States, Latham Group maintains manufacturing and distribution centers throughout North America and Europe.